Oakwell Private Wealth Management LLC Grows Position in Invesco QQQ $QQQ

Oakwell Private Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,995 shares of the exchange traded fund’s stock after buying an additional 405 shares during the quarter. Invesco QQQ accounts for approximately 1.3% of Oakwell Private Wealth Management LLC’s holdings, making the stock its 15th largest position. Oakwell Private Wealth Management LLC’s holdings in Invesco QQQ were worth $5,513,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the second quarter valued at $41,000. Moser Wealth Advisors LLC raised its stake in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Blume Capital Management Inc. raised its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5%

Invesco QQQ stock opened at $632.08 on Tuesday. The firm’s fifty day moving average is $597.93 and its 200 day moving average is $555.92. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.